Second Covid wave poses risk to India’s growth, but impact will be less severe than last year: Moody’s

The second wave of Covid infections poses a risk to India’s economic growth, but the impact will be less severe than last year, a Moody’s report said on Tuesday. It added that a focus on “micro containment” zones to deal with the current wave of infections, as opposed to a nationwide lockdown, would mitigate the economic […]

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Gold’s time to shine is not there yet

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Gold prices have fallen by around 18% since their all-time high of $2,074.88/troy ounce reached in August last year.The precious metal has been hovering around $1,700/troy ounce as rising bond yields have tempted investors to switch their bets since the past few weeks. Part of the reason for the waning interest in gold has been […]

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World coffee prices rise for fourth straight month on vaccine hopes

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If upbeat markets for coffee are any indicator, then the global economy should be out of the clutches of COVID pandemic soon. The world’s favourite cup of cheer until February-end rose for the fourth straight month, according to an index of the International Coffee Organization ((ICO). Prices are rising not just because of tightening supplies and […]

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Lustre back in Asia’s gold jewellery penchant as investors exit

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Asian physical gold buying has picked up sharply with prices falling to around an eight-month low, sparked partly by an exodus of investors from paper gold. The price of gold has dropped by 6% to $1,733/troy ounce from $1,838/ounce in early February, while the slide is even more pronounced compared to the record high of $2,067/troy ounce […]

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PM Modi urges industry to invest in agriculture amid farmer protests

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Indian Prime Minister Narendra Modi on Saturday urged the domestic industry to increase their investments in the agriculture sector and voiced confidence that recently-launched reforms would enable farmers to increase their income. “The amount of investments that should have come from the private sector in agriculture has not happened. If you look at infrastructure such as cold storage, it  has […]

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